Russia’s Ulyukayev to Ruble Market: ‘I’ll Be Back’

He’s not everybody’s image of a Terminator, but Bank of Russia deputy governor Alexei Ulyukayev has a message for his country’s foreign-exchange market: “I’ll be back.”

He already is back, in fact. The central bank has returned to Moscow’s foreign-exchange market in the last two days, injecting money into the system by selling rubles for dollars, a system it has tried to replace in recent years by a more conventional, interest-rate-based policy.